________ depends on any excess cash that a firm has above and beyond day-to-day working capital needs, as well as a firm's capacity to issue more debt while maintaining its current credit rating

In order to form a binding agreement, an offer or counteroffer:

a. needs to be accepted in its entirety and without conditions. b. needs to be accepted with minor changes in conditions. c. may be accepted with minor changes if both parties agree to address the conditions within 15 business days. d. must contain a provision that specifies which state law controls the transaction.

Costs that do not vary with production levels or sales revenue are known as ________

A) overhead costs B) variable costs C) average costs D) opportunity costs E) total costs